Italmobiliare S.p.a. · MIL:ITM
Italmobiliare — Investor Day (October 2025)
12 slides from Italmobiliare's investor day presentation, October 2025
Slide 1: Italmobiliare Capital Market Day
ITALMOBILIARE Hops rear MARKET DAY
Slide 2: Marco Fertonani
MARCO FERTONANI ® FOUNDER OF CDS IN 2014 ® CURRENTLY CEO AND MINORITY SHAREHOLDER @ 8 YEARS OF PROFESSIONAL CYCLING CAREER
Slide 3: CDS Today
CDS TODAY CLINICS =, 39% S08 HEALTHCARE CLINICS <e, 500.000+ PATIENTS ‘Y/] ro a 1.2 M+ &® HEALTHCARE SERVICES PER YEAR Qo 600+ 7) EMPLOYEES & 1.000+ DOCTORS “UPDATED SEPTEMAER, 2025 PRESENCE IN 3 REGIONS WITH 39* CLINICS OFFERING A WIDE RANGE OF HEALTHCARE SERVICES REVENUE BREAKDOWN 40% OUTPATIENT 2
Slide 4: CDS Evolution
CDS EVOLUTION EXPONENTIAL GROWTH THANKS TO NETWORK EXPANSION COUPLED WITH GROWING PROFITABILITY, FURTHER ACCELERATED WITH ITM ENTRY REVENUES PEC Ra I™ SINCE 2019 : 63,2 OO i} ! 42,8 REVENUES 5.4x i} | 258 32,5 55 a REVENUES 0,7 13 2 —, — = LIKE FOR LIKE [RRs 206 2015 2016 2017 2018 2019 2020 | 2021
Slide 5: CDS an innovative healthcare company meeting a huge demand opportunity
CDS AN INNOVATIVE HEALTHCARE COMPANY MEETING A HUGE DEMAND OPPORTUNITY A NETWORK OF HEALTHCARE CLINICS, DEVELOPED WITH THE AIM OF GUARANTEEING HIGH-QUALITY AND ACCESSIBLE HEALTH SERVICE WITH LOW WAITING LISTS THE MARKET OPPORTUNITY: AGEING POPULATION GROWING PRIVATE HEALTHCARE MARKET WITH OUT-OF-POC
Slide 6: Changing scenario for NHS budget allocation to private players
CHANGING SCENARIO FOR NHS BUDGET ALLOCATION TO PRIVATE PLAYERS CURRENT SITUATION POTENTIAL EVOLUTION B 5% CURRENT SHARE OF NHS IN CDS REVENUES, WAY LOWER THAN COMPETITORS IN ALL THE REGIONS, “ORDINARY” BUDGET B CDS CLINICS ELIGIBLE AND CERTIFIED ALLOCATED THROUGH A TENDER BASED FOR NHS BUDGET ALLOCA
Slide 7: The CDS advantage: attractive value propositions for patients
THE CDS ADVANTAGE: ATTRACTIVE VALUE PROPOSITIONS FOR PATIENTS PRICING BENCHMARK MAGNETIC RISONANCE IMAGING CDS mE «s< LA TUA CASA DELLA SALUTE AVERAGE NHS IN LIGURIA | <36 PRIVATE PLAYER €160* (-60%) “SOURCE: INTERNAL RESEARCH ON PUBLIC PRICE USTS “SOURCE: ALISA DATA (AUGUST, 2025), QUALITY HEALTHCA
Slide 8: CDS growth sustained by substantial investments
CDS GROWTH SUSTAINED BY SUBSTANTIAL INVESTMENTS INVESTMENTS MOSTLY ON NETWORK EXPANSION WITH SHORT PAYBACK PERIOD SINCE INCEPTION INVESTED € 97M FOR GROWTH INVESTMENTS ON CURRENT NETWORK: NEW CLINICS HEADQUARTER: IN PROGRESS: € 75M RATIO CAPEX/ €9M € 13M NE EBITDA GENERATED: * BUILDINGS AND WORKS. +
Slide 9: Deployment of AI tools and technologies
DEPLOYMENT OF AI TOOLS AND TECHNOLOGIES CDS IS PROGRESSIVELY INTRODUCING Al TOOLS, MAKING ITS DIAGNOSTIC IMAGING AREA AN ADVANCED AND FUTURE-READY MRI PLATFORM. |) SHORTER SCAN TIMES AI-BASED IMAGE RECONSTRUCTION (DEEP RESOLVE BOOST, SHARP, GAIN) ACCELERATES ACQUISITIONS. PATIENTS SPEND LESS TIME IN
Slide 10: CDS sustainability model
CDS SUSTAINABILITY MODEL CDS IS DEVELOPING ITS SUSTAINABILITY STRATEGY THROUGHOUT CONCRETE AND MEASURABLE STEPS. United Nations Global Compact ESG ROADMAP [iisenikk&eeeeees RATING LEGALITA xk WOMEN’S EMPOWERMENT PRINCIPLES aLMoBiuiane caPrraLManKer pav20as |
Slide 11: Strategy and future development opportunities
STRATEGY AND FUTURE DEVELOPMENT OPPORTUNITIES ——— CONTINUE EXPANSION OF THE NETWORK WHILE IMPROVING THE COMPETITIVE ADVANTAGE THROUGH INNOVATION @ > CONTINUATION OF NETWORK EXPANSION PLAN: - ACHIEVE LEADERSHIP IN ALL REGIONS WHERE CDS IS ALREADY PRESENT (LIGURIA, PIEDMONT, GEOGRAPHIC SARDINIA) EXPAN
Slide 12: CDS contact details
“CDs LA TUA CASA DELLA SALUTE WEBSITE www.cds.it MAIL relazioniesterne@cds.it 0000